Questions Problem 9.10 (Valuation of a Declining Growth Stock) Question 8 of 9 6. O Check My Work (3 remaining) 7. 8 eBook 9. o Problem Walk-Through Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 8% per year. If Do = $5 and rs = 11%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent. $